THE CONDO BOOK PROJECT

15 East 19th Street Condominium

15 East 19th Street, Brooklyn, NY 11226

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Overview

15 East 19th Street is a 33-unit condo in Brooklyn.

  • Offering plan: Accepted November 2018 · 309 pages · floor plans on page 36
  • Finishes: Wood floors, stone kitchen countertops, Alvic cabinets, KitchenAid appliances, washer/dryer hook-ups, Aquabrass bathroom fittings and split-system units for heating and cooling
  • Prices: $861 a square foot on average, as first offered; $21.1 million in all
  • Developer: Brookland Capital, LLC; principals Boaz Gilad
  • Sponsor: East 19 Bl LLC, represented by Meister Seelig & Fein LLP
  • Neighborhood: Flatbush, Brooklyn
  • Subway: 2-minute walk to Church Av (B, Q); 9 minutes to Parkside Av (Q)
  • Amendments: 4, the latest in May 2021
  1. SubmittedFebruary 2019
  2. AcceptedNovember 2018
  3. 4 amendments
  4. First sale
  5. Latest sale

Sales

33 of 33homes sold (100%)
Every sale: 33 homes, with price and dateSee it free →

From city records (ACRIS), through Sep 30, 2026.

First-Year Budget

From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)

Ask Claude or ChatGPT: How do 15 East 19th Street's common charges compare with similar buildings? →

Property Taxes

The plan's first-year tax estimate, checked against the city's real bills.

Each home's estimate, city bills and tax breaksSee it free →

Closing Costs

The buyer pays the NYC and NY State transfer taxes, which a seller usually pays.

All 5 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 3 Oct 8, 2020

This amendment documents the first unit closing, condominium declaration recording, working capital fund balance, board of managers, temporary certificate of occupancy, budget for the second year, updated offering prices, and unsold units status.

  • First unit closing held October 18, 2019
  • Declaration of Condominium recorded July 31, 2019
  • Working capital fund balance $24,920.26
  • Temporary Certificate of Occupancy issued August 21, 2020
  • $74,000.00 needed and escrowed to complete permanent Certificate of Occupancy
  • Budget adopted for September 1, 2020 through August 31, 2021
  • Unsold units aggregate monthly common charges $4,264.55 and real estate taxes $6,115.94
  • Sponsor financing for unsold units $417,847.92 with CTBC Bank (USA), current status
  • Schedule A prices increased for 3 homes (median +1.2%): 3B $585,000 → $590,000; 4C $785,000 → $795,000; 5D $825,000 → $835,000
  • Schedule A prices decreased for 7 homes (median -6.1%): BA $560,000 → $489,000; BB $425,000 → $399,000; 1A $570,000 → $499,000; 2B $570,000 → $530,000; ...

Amendment 1 Feb 25, 2019

New principal of sponsor due to financial defaults, new counsel and escrow agent, managing agent address change, and escrow account details.

  • Sponsor principal changed from Boaz Gilad to Victor Lee due to Brookland Upreal Limited bond default of approximately Forty Million Dollars ($40,000,000.00)
  • New counsel: Meister Seelig & Fein LLP replacing Marans Weisz & Newman LLC
  • Sponsor address changed to c/o JVL Property Group, 7 World Trade Center, Suite 4628, New York, New York 10007
  • Managing Agent address changed to 254 West 31st Street, 6th Floor, New York, NY 10001
  • Escrow agent appointed: Meister Seelig & Fein LLP at Citibank Private Bank, 153 East 53rd Street, 23rd Floor, New York
  • Construction project approximately 91% complete with estimated completion cost of $1,300,000.00
  • Property encumbered by $10,000,000.00 construction loan from YTA, LLC with $9,742,267 outstanding
  • Purchasers who signed before amendment date have 15-day right to rescind purchase agreement
What each amendment changed, line by lineSee it free →

Team

Sponsor
East 19 Bl LLC
Principals
Boaz Gilad
Tax estimate
EmpirePrepared the first-year real estate tax projection
Construction lender
Yta$9 million loan stated in the plan
General contractors
Dawny Construction, Noble Construction GR, Dvir Mog 18Held the general construction permit on DOB job 321187363
Buyer's lenders
First Meridian Mortgage, Wells FargoThe sponsor's preferred mortgage lenders; you can use another, though the mortgage contingency is offered through the sponsor's lender · Named on p. 7

From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?

Zoning

Zoning district
R7A

Today's zoning, from city data (PLUTO 26v2).

Nearby

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The Condo Book Project Are 15 East 19th Street's common charges high for the area? Yes, they're on the high side. 15 East 19th Street budgets $0.78 per square foot a month, against a $0.66 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?